Daily News

Source: BNN Bloomberg March 02, 2024

The Week Ahead: BoC policy announcement; Canadian labour data due

Monday, March 4 Earnings: Osisko Mining, Advantage Energy, Archer-Daniels-Midland PDAC Mining Convention, Toronto  March 3 to March 6 Tuesday, March 5 Earnings: Canfor, Pet Valu, Nuvei, Franco-Nevada, Target, Ross Stores Wednesday, Mar...

Source: BNN Bloomberg March 02, 2024

Markets today: S&P 500 posts 15th record this year as tech roars

The stock market powered ahead amid a renewed rally in technology companies, with traders also sifting through the latest remarks from a slew of Federal Reserve speakers for clues on the interest-rate path. The S&P 500 topped 5,100 — hitting its 15th recor...

Source: BNN Bloomberg March 02, 2024

Markets today: Tech lifts stocks while U.S. yields fall after data

The stock market kicked off the new month with gains fueled by technology companies. Bond yields fell as disappointing factory data and a decline in consumer sentiment solidified bets on interest-rate cuts. Equities hovered near all-time highs, following a...

Source: BNN Bloomberg March 02, 2024

TSX recap: Energy stocks drive Index 0.88 per cent higher

Canada's main stock index gained almost 200 points on Friday, helped by strength in energy stocks as the price of oil moved higher, while U.S. markets closed out the week with new record highs.  The S&P/TSX Composite Index closed up 188.74 points, or 0.88...

Source: Financialpost March 02, 2024

Canada's big banks weathering the storm as credit strain mounts

All but one of the big six beat expectations despite growing loan loss provisions Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s largest banks took higher provisions for credit losses and classified more loans as impaired...

Source: Financialpost March 02, 2024

CMHC scraps first-time homebuyer incentive

Program will no longer approve new requests after March 31Canada’s federal housing agency is scrapping a shared equity initiative intended to help make it easier for first-time buyers to crack into the housing market. We apologize, but this video has...

Source: Financialpost March 02, 2024

Trans Mountain pipeline seeks first crude deliveries

Will begin filling with crude within weeksCanada’s biggest new oil pipeline in more than a decade will begin filling with crude within weeks, according to MEG Energy Corp. We apologize, but this video has failed to load. Try refreshing your browser, o...

Economy Source: Financialpost March 02, 2024

David Rosenberg: Canada loves people — businesses, not so much

A bull market in population growth and a nothing-burger for the economyFirst, the good news: Canada’s economy closed 2024 in slightly better shape than was expected, with real gross domestic product growth inching up to a one per cent annual rate (consensus...

Source: BNN Bloomberg March 01, 2024

Markets today: U.S. stocks end month at new highs after inflation data

Wall Street traders fearing another disappointing inflation report got a degree of relief after the Federal Reserve’s favored price gauge was on spot with estimates. Stocks closed at all-time highs as the personal consumption expenditures index added to be...

Market Call Source: BNN Bloomberg March 01, 2024

Robert Gill's Top Picks: February 29, 2024

Robert Gill, senior vice president and portfolio manager at Goodreid Investment Counsel FOCUS: Canadian large caps MARKET OUTLOOK: Berkshire Hathaway’s annual letter made for an entertaining read as always. Co-founder, chairman and CEO Warren Buffe...